The FSC is a lobby group for product providers; of course they'd support this weakening of the advice system.
Stephen Jones and the ALP are implementing a system where lower qualified individuals somehow get the title of "qualified adviser" and their role will be to serve their paymaster - not the client, but the product provider.
This is a terrible development for consumers and the industry.
The AIOFP who have been vocal supporters of Stephen Jones should be hanging their heads in shame.